HomeMy WebLinkAboutOrdinance - 2019-O0092 - Budget Amendment 21 - 08/13/2019First Reading
July 23, 2019
Item No. 6.2
ORDINANCE NO. 2019-00092
Second Reading
August 13, 2019
Item No. 6.1
AN ORDINANCE AMENDING THE FY 2018-19 BUDGET FOR MUNICIPAL PURPOSES
RESPECTING THE LUBBOCK BUSINESS PARK TAX INCREMENT FINANCE
DISTRICT FUND TO AMEND THE OPERATING BUDGET; AMEND CAPITAL
IMPROVEMENT PROJECT 92563 — NORTH KING STREET; PROVIDING FOR FILING;
AND PROVIDING FOR A SAVINGS CLAUSE.
WHEREAS, Section 102.010 of the Local Government Code of the State of Texas
authorizes the City Council to make changes in the budget for municipal purposes; and
WHEREAS, in accordance with the City Budget Ordinance the City Council shall
approve all transfers between funds; and
WHEREAS, the City Council deems it advisable to change the FY 2018-19 Budget for
municipal purposes and reallocate funds as follows; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the City Council of the City of Lubbock hereby approves changes
to the City of Lubbock Budget FY 2018-19 (Budget Amendment #21) for municipal purposes,
as follows:
I. Amend the Lubbock Business Park TIF Operating Budget by increasing the transfer to
Capital by $180,000 from $0 to $180,000. Funding will be from the Lubbock Business
Park Tax increment Finance Fund.
Il. Amend Capital Improvement Project 92563, North King Street Project, by increasing the
appropriation by $180,000, from $500,000 to $680,000.
SECTION 2. THAT a copy of the changes made to the City of Lubbock Budget
pursuant to this Ordinance shall be filed with the City Secretary and County Clerk of Lubbock
as required by law.
SECTION 3. THAT should any section, paragraph, sentence, clause, phrase or word of
this Ordinance be declared unconstitutional or invalid for any reason, the remainder of this
Ordinance shall not be affected thereby.
AND IT IS SO ORDERED
Passed by the City Council on first reading on ^July 23, 2019
Passed by the City Council on second reading on August 13, 2019
JEFF IFF T , MAYOR PRO TEM
ATTEST:
Rebec Garza
City Secretary
APPROVED AS TO CONTI:;NT:
'P4,
1).'BTG' Kos lich
Chief Financial Officer
APPROVED AS TO FORM:
y s
De City Attorney
ccducs/BudgetFY 1819,Amend2 Lord
July 3, 2019